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Government to Double Fisheries Stockpile for Price Stabilisation

Sustainability Economics Politics +4 more

SOUTH KOREA - South Korea plans to more than double its stockpile of key fisheries products to help stabilise their prices, especially ahead of major traditional holidays, the government said Tuesday.

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According to the Ministry of Oceans and Fisheries, the government will spend nearly 50 billion won (US$43.8 million) this year to double its own stockpile of fisheries products from 9,500 tons last year to 19,000 tons, or about two per cent of total domestic consumption, reports YonhapNewsAgency.